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Money-Market Funds Notch $21.21 Billion in Net Buying

Money-market funds had net buying of $21.21 billion in the week ended Tuesday, according to iMoneyNet's Money Fund Report, as the amount of money in such funds hit a record $3.54 trillion.

Taxable funds rose $19.63 billion, putting total assets at a record $3.043 trillion, said iMoneyNet, the second consecutive weekly record. So-called prime funds, which invest in securities such as commercial paper, had inflows of $13.96 billion --...